$INIT /USDT – Massive 201% Rally: What’s Driving the Surge?
Current Price: $0.6020
24H High: $0.7100
24H Low: $0.2000
24H Volume: 238.32M INIT / 154.30M USDT
Analysis:
$INIT just pulled off a jaw-dropping +201% intraday move, soaring from $0.2000 to $0.7100 before settling around $0.60. This parabolic rally is backed by high-volume spikes, likely triggered by new listings, strategic announcements, or social media-driven FOMO. The sharp wick to $0.71 suggests quick profit-taking by early buyers, leading to the current sideways consolidation.
The Parabolic SAR is still trending upwards and supports continuation—however, signs of exhaustion are visible in the lower time frames as bullish momentum stalls.
Should You Hold or Exit?
If you're already in profit, consider locking partial gains. Consolidation after such a massive pump often leads to either a second leg up—or a retrace to the breakout zone ($0.40–$0.45). Only re-enter on volume confirmation or reclaim of the $0.65–$0.70 range.
Pro Tip:
Watch for strong support near $0.50. A clean bounce with volume could signal a continuation. If it breaks below, avoid chasing—this could revert quickly.
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